Investors' Soapbox AM

Cigna-Catamaran Pact Boosts Both

Cigna announced its long-awaited decision around its pharmacy benefit manager, choosing a 10-year partnership/outsourcing agreement with Catamaran.

The deal is expected to generate 50 cents of earnings-per-share accretion for Cigna (ticker: CI) once fully ramped in 2015, above our expectation of about 40 cents. The deal will allow Cigna to maintain flexibility and an integrated offering to customers, a key...